Commonwealth: A Peer-to-Peer Algorithmic Bank (built on


An algorithmic bank implemented as a continuous organization. Whitepaper is here:

Abstract. Commonwealth is an algorithmic bank that allows its users to own
micro-equity and share fees from its use. Whenever a payment is made through
Commonwealth, a portion is distributed instantly as a dividend to every
participant who holds a P3C token. Service providers and users in the sharing
economy can accept P3C in exchange for work, and become part owner. To create
new P3C to pay service providers, we deposit a base currency into a smart
contract which generates fees paid to the whole network. At any time, holders can
redeem their P3C to withdraw the base currency, or choose to hold and compound
dividends. Multiple independent organizations can pay service providers in P3C
and all participants win if any one organization succeeds.